NORTHBROOK, ILL. (Updated Jan. 3, 3:05 p.m. ET) — M. Holland Co. has purchased Christler Chemical & Plastics Inc., a distributor of engineering and commodity thermoplastics resins based in
The acquisition is the first for resin distributor M. Holland, which has been in business more than 60 years.
“The cultural fit is perfect,”
“It's truly the reconfirmation to the industry, our suppliers, our customers and our employees, of our continuing commitment to the classic distribution model,” said Marc Fern, M Holland's vice president of sales and marketing.
The acquisition gives Northbrook, Ill.-based M. Holland a presence in the
Christler was founded in 1987 by distribution industry veteran Tony Christler. Prior to the
“The decision to sell after 25 years was motivated by the opportunity to put these two companies together,” Monica Christler said in a phone interview. “We share core values, and this is a way for us to better serve our customers.”
Christler generates most of its sales from engineering resins such as polycarbonate. Major end markets served by Christler include aerospace, medical, industrial and defense. The firm's sales have grown at double-digit rates in each of the last three years. Monica Christler said.
M. Holland put together a mergers and acquisitions team about two years ago to look for potential targets within and outside of the
The two firms had some mutual customers, but were not major direct competitors, officials said. Their main shared supplier was Bayer MaterialScience LLC.
M. Holland plans to retain key Christler personnel, in part because of the company's reputation and name recognition in the
The purchase supports M. Holland's ongoing growth plans. “The major growth strategy of the M. Holland Co. will be a combination of domestic growth through adding grass roots sales people and through looking for both domestic and international acquisitions,” Ed Holland said.